Three-Building Medical and Office
629 N Dixie Freeway New Smyrna Beach, FL 32168
629 N Dixie Freeway, New Smyrna Beach, FL, 32168
$990,000
For Sale
$990,000
Three leased buildings on one lot with block/masonry construction and ample parking, positioned on 100' frontage.
Property Size3,440 SF
Lot Size0.29 Acres
Price / SF$287.79
Days on Market3037
Property Features for 629 N Dixie Freeway
General Information
- Standard status
- Active
- Size
- 3,440 SF
- Lot size
- 0.29 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1961
Listing agency
The Barnett Group Inc.
(386) 295-9999
Listed by
Arnold Traub
(386) 295-9999
Source
Xome
Added: Mar 31, 2018 Updated: Jul 22 at 2:45PM Checked: Jul 22 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Barnett Group Inc.
Investment Insights
Based on property information with market context.
This offering consists of three fully leased buildings on a single 100' x 125' lot with block/masonry construction and ample parking. Building #1 includes 1,984 square feet and is occupied by a medical/health care provider; the property notes a new roof, new AC, and a new electrical panel. Building #2 totals 1,050 square feet and is occupied by a yoga studio. Building #3 totals 406 square feet and is occupied by a coffee roasting business with no retail; the rear building is described as using a wall/window unit.
The buildings are located on 100' of frontage in the US-1 Central Business District, close to SR-44. The exterior has been refurbished and tenants have updated the interiors, and the property indicates the buildings have just completed a maintenance cycle. Existing signage includes one monument sign and one building sign included in the sale.
B3 mixed-use zoning is noted. The sale includes both 629 and 633 N Dixie Freeway, the rear building, and the balance of leases.
The buildings are located on 100' of frontage in the US-1 Central Business District, close to SR-44. The exterior has been refurbished and tenants have updated the interiors, and the property indicates the buildings have just completed a maintenance cycle. Existing signage includes one monument sign and one building sign included in the sale.
B3 mixed-use zoning is noted. The sale includes both 629 and 633 N Dixie Freeway, the rear building, and the balance of leases.
Key Highlights
- Three fully leased buildings on one lot at 629 & 633 N Dixie Freeway, block/masonry construction
- 100' x 125' (12,500 SF) lot with 100' frontage on busy US‑1 Central Business District near SR‑44
- Building #1: 1,984 SF (1961) medical/health care tenant; new roof, AC, and electrical panel reported
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.3k | $21.60 |
| − Vacancy | −$5.6k | −$1.62 |
| EGI | $68.7k | $19.98 |
| − OpEx | −$17.2k | −$5.00 |
| NOI | $51.5k | $14.99 |
3,440 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$736.4K
$644.4K – $859.1K
NOI $51,548 @ 7.0% cap · market cap 5.21%
Second Best
Healthcare Medical
$714.9K
$625.6K – $834.1K
NOI $50,044 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.01M
$887.5K – $1.18M
NOI $71,002 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- New Smyrna Beach Animal Medical Center — 1147 N Dixie Fwy, New Smyrna Beach, FL 32168
FAQs
What type of property is this?
Medical Office Space - Three leased buildings on one lot with block/masonry construction and ample parking, positioned on 100' frontage.
Where is this medical office space located?
The property is located at 629 N Dixie Freeway New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Three fully leased buildings on one lot at 629 & 633 N Dixie Freeway, block/masonry construction; 100' x 125' (12,500 SF) lot with 100' frontage on busy US‑1 Central Business District near SR‑44; Building #1: 1,984 SF (1961) medical/health care tenant; new roof, AC, and electrical panel reported
